MORRISVILLE, N.C., April 27, 2009 (GLOBE NEWSWIRE) -- Charles & Colvard, Ltd. (Nasdaq:CTHR), the sole manufacturer and distributor of moissanite, a unique, brilliant jewel sold through jewelers and other retailers around the world, announced today that it will release its first quarter 2009 results before the opening of financial markets on Tuesday, May 5, 2009.
The release of the financial results will be followed by a company-hosted teleconference on Tuesday, May 5, 2009, at 4:45 p.m. ET. During the teleconference, George Cattermole, Chairman, Richard Bird, CEO, and Neil Boss, Controller, will review the financial and operating results for the period and discuss Charles & Colvard's corporate strategy and outlook. A question-and-answer session will follow.
The Charles & Colvard, Ltd. conference call can be accessed the following ways:
-- The live webcast can be found at www.charlesandcolvard.com. Participants should go to the website 10-15 minutes prior to the scheduled conference in order to register and download any necessary audio software. -- The teleconference can be accessed by dialing (201) 689-8562, and entering conference ID number 321356 approximately 5-10 minutes prior to the call.
Schedule this webcast into MS-Outlook calendar (click open when prompted):http://apps.shareholder.com/PNWOutlook/t.aspx?m=36701&k=129FF83D
To listen to the archived call:
-- The archived webcast will be at www.charlesandcolvard.com and will be available through May 31, 2009. -- A replay can also be heard by calling (201) 612-7415, and entering conference ID number 321356 and account number 3055. The telephonic replay will be available from 7:45 p.m. on the day of release until 11:59 p.m. ET Tuesday, May 12, 2009.
About Charles & Colvard, Ltd.
Charles & Colvard, Ltd. (Nasdaq:CTHR), based in the Research Triangle Park area of North Carolina, is the global sole source of lab-created moissanite, a unique, near-colorless jewel that is distinct from other gemstones and jewels and is the highest quality diamond alternative available in the world based on its exceptional fire, brilliance, luster, durability and rarity. Charles & Colvard created Moissanite(r) is currently used in fine jewelry sold primarily through domestic and international retailers. The Company routinely posts news and other important information on its website www.charlesandcolvard.com.
Safe Harbor Statement This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements expressing expectations regarding our future and projections relating to products, sales, revenues and earnings are typical of such statements and are made under the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about our plans, objectives, representations and contentions and are not historical facts and typically are identified by use of terms such as "may," "will," "should," "could," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue" and similar words, although some forward-looking statements are expressed differently. All forward-looking statements are subject to the risks and uncertainties inherent in predicting the future. You should be aware that although the forward-looking statements included herein represent management's current judgment and expectations, our actual results may differ materially from those projected, stated or implied in these forward-looking statements as a result of many factors, including, but not limited to any trends in the general economy that would adversely affect consumer spending, a further decline in our sales, dependence on Cree, Inc. as the current supplier of most of the raw material, ability to develop a material second source of supply, dependence on a limited number of customers, dependence on consumer acceptance of the Company's products, risks of conducting operations in foreign countries and our dependence on third parties, general economic conditions that are out of our control and may adversely affect our financial condition and results of operations, continued listing of our common stock on the NASDAQ Global Select Market and the impact of changes in our management on our ability to execute our business strategy in the near term, in addition to the other risks and uncertainties described in more detail in our most recent annual report on Form 10-K filed with the Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur except as required by the federal securities laws, and you are urged to review and consider disclosures that we make in the reports that we file with the Securities and Exchange Commission that discuss other factors relevant to our business.